In recent months, Bitcoin price has slowly descended from the 2019 high of $13,880 to the current levels of just above $8,130. This plunge is beginning to put weak miners out of business. In the past week, Bitcoin’s mining difficulty plunged 7% abruptly. That drop enabled miners to easily solve algorithms and mine blocks.That development means that the weak miners and those that encounter high operating costs are constantly going out of business. The new move does not go well with the bitcoin...
Read More »Bitcoin (BTC) Selling Pressure Stays Intact, Investors Put Hope in Anticipated Halving
The next Bitcoin halving remains the predominant story of bulls hoping for huge price gains. The popular line of thought is that the price of Bitcoin could increase, as crypto enthusiasts warn of an increase that adds to the pressure on prices. However, its price may increase.The expected halving testifies to this dream and its coming in the blockchain of the BTC in May, while several hodlers anticipate an increase in prices. On the flip side, the price may continue to drop to $8,000....
Read More »Today Marks the Mining of the 18 Millionth Bitcoin
Today, on Friday, the 18 millionth bitcoin is set to be mined. That means there are only three million BTC units left to extract after this.Bitcoin Will Become Harder to GetThe mining process behind bitcoin has been a rather controversial activity. For one thing, China says that it is damaging to the Earth’s environment. The country has long been considering a ban on bitcoin and crypto mining in the future.Second, there have been huge concerns regarding a bitcoin 51 percent attack from...
Read More »Bitmain CEO: Bullish Behavior Unlikely Following May 2020 BTC Halving
With bearish activity spreading throughout the crypto space as of late, many people are looking for some sort of miracle to sort things out. Many have long believed that the upcoming bitcoin halving – set to take place in May 2020 – is likely to do the trick. Unfortunately, according to Bitmain CEO Jihan Wu, this may not be the case.Bitmain CEO Predicts a Lack of BullsBitmain is one of the largest – if not the largest – cryptocurrency mining corporations in the world. Stationed in China, the...
Read More »German Bank: Bitcoin Is Low, but It’ll Be Big in 2020
Bitcoin fell below $8,000 again yesterday, trading at roughly $7,800. It was an ugly sight to see, but as analysts are learning right about now, the present resistance level is still at around $8,100 given that the currency has jumped back up to this position within the last 24 hours.Bitcoin Is About to Get BiggerThe volatility that has been striking the coin over the past ten years – yes, it’s been vulnerable to price swings since it first emerged in the financial space – is far from over....
Read More »Bitcoin Price to Hit $90,000 After May 2020 Halving, Predicts Germany’s Top Bank
One of Germany’s biggest banks, Bayern LB, has just published a report where it pitched Bitcoin against gold, with a very bullish conclusion. According to the Munich-based bank, Bitcoin price will hit $90,000 by 2020, more than 4 times its current all-time high and per the report, the bank believes that Bitcoin will do much better than gold, especially after the upcoming halving next year.In the report titled “Is Bitcoin outshining gold?”, Bayern LB considers the stock-to-flow (SF) ratio. The...
Read More »#706 Interview Christoph Bergmann Bitcoinblog.de – Mining, Skalierung, Adoption, Lightning, BCH, BSV und mehr
Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 706. Heute spreche ich mit Christoph Bergmann von Bitcoinblog.de über spannende Bitcoin Themen, wie Mining, Skalierung, Adoption, Lightning, BCH, BSV uvm. 1.) Bitcoinblog.dehttp://www.bitcoinblog.de Top 10 Kryptowährungen am 14.09.19 um 09:00Uhr Sonnige GrüsseDennis “Bitcoin-Informant” Koray
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